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Canada/U.S.: Montréal, Maine & Atlantic Railway

The Montreal, Maine & Atlantic Railway (MMA) was a freight railroad that operated in the States of Maine and Vermont, and the Province of Quebec. In August 2013, MMA commenced insolvency proceedings as a direct result of the runaway train that resulted in the deaths of 47 people. The panel explores the issues involved in developing a plan to address mass tort claims. The discussion includes the approaches taken in Canada and the U.S. to the granting of “third party” releases and of fee premiums to professionals.

2016 Cross-Border Insolvency Program
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